CTSIUSDT trade ideas
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🆓Cartesi (CTSI) May-15 #CTSI $CTSIThe recent 12Hour candle is quite bearish but the selling volume is not too high so we will need to pay attention to this 1.1$ zone. If it could conquer this 1.1$ zone, it will keep moving up to 1.5$ zone in the next few days, but if failure, it could dump to 0.9$ and 0.65$ before generating new rally up to 1.5$ zone.
📈BUY
-Buy: 0.88-0.92$ if A. SL if B
-Buy: 1.1-1.15$ if A. SL if B
📉SELL
-Sell: 1.1-1.15$. SL if A
-Sell: 1.45-1.5$. SL if A
♻️BACK-UP
-Sell: 0.88-0.92$ if B. SL if A
-Buy: 0.635-0.665$. SL if B
❓Details
🕯Timeframe : 12 Hours
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
An Analysis on Long CTSI/USDTCTSI / USDT.
After multiple testing on the recent support zones 1.2 and 1.1 respectively, a breakout is expected after a bearish session and possible hit $1.5, and $2.5 respectively
Next entry point around $1.2 and
Do your own research and smile when it does x5
Not a financial advice
CTSI possible move! Hello, I am coming today with an idea on CTSIUSDT pair. Many people made lots of earning with CTSI in the past days as it did a very good move. In the long term I see it quite possible to break the 1$ target and more but meanwhile I am talking about the scenarios possible in the 1h time frame.
FIRST SCENARIO-Most possible one to happen. I see it shorting to the 0.78 and 0.73 area. RSI indicates a bearish movement and as you can see it is forming a downtrend. So a possible move is between the two green lines indicated with the price there. It will form a lower low, so I see it even going more down, which will indicate a good area of entering as I have put in the chart. The next target after that is 0.8$ with a fine percentage win.
Second SCENARIO- The latest support became resistance. It means that it will need to break that in order for us to say that we are seeing a trend reversal. Also it needs to stay above 0.90$ for a while to call it a bullish movement. It also can form a M patter, touching the resistance and not breaking it, moving us again with the 1st scenario. This is not much possible, as the indicators show that a bearish move. Unless a big volume enters the trade, we can see a reversal.
Trade with patience and trade carefully. If you have any comment, you are free to comment. :)